Yesterday, the Fed cut rates by 25 basis points, with Powell emphasizing that, whilst inflation is lowering - it is not yet “at target,” and the Fed will remain data-dependent. This signals the Fed have opened the doors to an easing cycle, but they’re not committing to an aggressive one yet. Historically, once the Fed begins cutting, they almost always follow through with at least one or two consecutive moves and unless the data gods work against us this time haha, it’s safe to say we will get another one but by how much? Well, the odds on Polymarket is currently in favor of another 25 bps decrease which is what will most probably happen, unless some sharp drop in data comes up that forces their hands, then the 50 bps decrease at 2c will appear even more interesting, but as things currently stand - a 50 bps cut will be too aggressive.